Historical series Itaú now offers an ‘Automated Portfolio’ option for investments
The service available at Itaú Corretora for all investor clients will follow recommendations from Itaú’s Research teams and will have automatic rebalancing.
28 July 2023 – Anyone who follows the financial market knows how complex it can be to manage an investment portfolio in a balanced and strategic way that maintains its suitability to constantly changing scenarios. To simplify the investor journey, Itaú has made the ‘Automated Portfolio’ option available to all client segments through Itaú Corretora. The Automated Portfolio is a feature that allows people to follow the recommendations of Itaú Unibanco and Itaú BBA’s teams of specialists and analysts, with any changes and updates to recommended assets being made automatically.
This service aims to meet the demand of clients interested in variable income investments who are not entirely comfortable with making individual allocations. The Automated Portfolio periodically monitors and rebalances positions based on market situations to achieve this.
‘We are working to develop a transparent and practical variable income asset allocation service for investors. We hope to be the gateway for clients who want to start investing in this market, as well as for those who, due to a lack of time for market movements and monitoring, prefer to let these definitions follow the recommendations of Itaú’s Research team,’ explains Claudio Sanches, director of investment and pension products at Itaú Unibanco.
‘A major differential of this service at Itaú is that rebalancing will only take place when it makes sense within market conditions – and not necessarily at certain intervals. In this way, we avoid unnecessary brokerage costs for investors and respect our client-centric culture,’ adds Sanches.
Another highlight is that clients can enter this service at any time during the month and not just at the beginning to avoid missing out on the timing of their search for good returns.
Initially, the bank offered two Automated Portfolios. One of them is The Top 5, made up of the five main stocks chosen by Itaú BBA’s research team. The Top 5 focuses on appreciation and performance; it obtained a 31.55% return in 2022.
Also available is The Dividend Portfolio. This portfolio is made up of five shares in companies that have high dividend yields and are expected to generate cash. It is an alternative for investors interested in an income portfolio. The accumulated performance of The Dividend Portfolio since its creation in January 2012 is 332%, compared to the performance of the Ibovespa index of 108%.